The US Treasury Department and Federal Reserve Board delayed for six months on Friday the enforcement of new rules designed to crack down on Internet gambling.
In a joint statement, the Treasury Department and Federal Reserve said US financial institutions were being given until June 1, 2010 to be in compliance with the Unlawful Internet Gambling Enforcement Act.
The act, which would ban US banks, credit card and financial companies from handling unlawful Internet gambling bets, had been scheduled to take effect on December 1.
Passed by the then-Republican controlled US Congress in 2006, the act has been the target of criticism from financial institutions and others that it would be an enforcement nightmare.
It prohibits financial institutions from knowingly accepting payments for online gambling made through credit cards, electronic funds transfers, and checks.
It was aimed at putting teeth into a de facto ban on US residents placing online wagers in locations such as Britain, Canada, Antigua and Gibraltar.
The US ban on Internet gambling has been challenged as an unfair trade restriction at the World Trade Organization and a US congressman is seeking to overturn the 2006 act with legislation that would allow online gambling.
Thanks to emilyg for the tip.
Hope they move on it quickly for those who want to play online. Sooner the better for Lottomike.
I think I am going to play 210 and 303 today. If you wanna win just play the same numbers.
I know quite a bit about programming and computers. I have been using computers for 30 years. It is very easy for online "casinos" to cheat their players. All they have to do is rig the gaming programs to let the casino or their own players win. Anyone who plays online has no clue just how easy it is to get ripped off. It is impossible to police online gaming because the "casino" server can be located anywhere in the world. It is impossible to ensure the game is honest because none of the outside players can inspect the programming code. Even if you could inspect the programming code, and there are thousands of lines, the casino owners could simply reload rigged code afterwards.
I agree that online gaming must be banned. It is just too easy to get ripped off. If you want to gamble, either play the lotto or go in person to a casino.
This just angers me! The Congress can't seem to figure out how to tax internet gaming, so they ban it. It does not matter if the citizen want to gamble online or not. It should be our option! I have in the past played pick 3 and pick 4 over the internet but no longer do so but it really makes me angry that we don't have the options. I think I will send a note to my congressman. Thank for posting this Todd.
I really think it should be a personal decision.
If people want to gamble online...... let them. Maybe when they lose enough money they will realize that the software that is written for online casinos is DESIGNED to take their money. You would get a more fair game at a brick and mortar joint.
what a bunch of horse<snip>, govt trying to control car industry,health,now gaming, whats next lol.
It's still not clear whether Pick 3 and Pick 4 will be available to play online when the law is passed. By the way, I never stopped playing pick 3 or 4 online. Always get paid and always did before. So this doesn't phase me one way or another. Except they will be stepping their feet on my money.
I think they are delaying the crackdown because the law is about to be overturned..next month when they vote on it, it is going to pass...to many people want to gamble..and there are to many places that like to have gambling online to make money..as soon as they pass that law I am opening my account at Betslips again!!!!
It should be a personal decision.
just found this site from my relative. new to this. did not know of law or that you could gamble online. cool
So am I! I have no desire to bet on casino games online, I just want to have access bet on Pick 3 and Pick 4 games.
I like $0.25 per combo bet for pick 3/4. It's nice, giving us more run for our money. They will allow it, it just takes a bit of time...
It is save for online gambling..?? they are asking my driver licence and my credit card
I think it should up to the person whether they want to play online or not. You can easily get ripped off in a casino just as much as you can online. Remember you never beat the 'House' trust me I have friends who deal in casinos.
Rigging games like roulette does nothing for a casino because they odds are already heavily stacked against you whether its online or in person. Black Jack would be a different story. There are sites set up to monitor rogue activity, one of them being Casinomeister - they also put up a list of trusted sites. Again many games like Keno, Roulette are so heavily favored against you that casinos don't have to necessarily rig them to pull a profit from. It's games like slots that you need to watch out for and thats whether you go in person or online. And as far as lotto, there are a few instances where people have been ripped off from their state lottery. All in all it should be left up to the consumer. I made a nice profit in 2004, 2005 playing online pick 3 and would like to go back to playing it.
Maybe online casino's can program their website's to rip people off, but to punish banks and credit card companies is just not right. They shouldn't have to police every account..It's costly.
And we don't live in a socialist country..Or a 'dictatorship'. We live as a free people in a 'Republic'! If the Government doesn't like it, tough! They do a lot of things I don't like! But unfortunately, I'm outvoted!
They should punish the people creating the online gambling sites. that rip people off....And if the online gambling sites are foreign- they should get the foreign authorities to issue 'Warnings' and monitor the online gambling sites themselves. And as the complaints come in, the police of that foreign country move in.
But for the U.S. online gambling sites, that offer sports betting and other subjects, its a little harder to rip people off. You'd know right away..
If You bet over, pointwise, and the total points for the game is 'over'- you win. It's as simple as that.
If you bet a team to win, and it wins- you know you won! The casino can't change the outcome of a game- like they can rig 'blackjack'. And in sports, you have more than one source to check results.
The whole concept of government taxation or regulation of online gambling is rotten at it's core. It stems from the now accepted practice and tradition of the government confiscating money earned by private citizens. We are afraid of what the government will do to us if we don't give them what they say we "owe them." They think and we accept that they get a cut of every dollar we earn or otherwise come by. It's really outrageous when you think about it. They want to appear to be protecting us from illicit gambling scams when in reality it's all about the money. Everything will be A-OK as long as they get a piece of the action with no investment or risk whatsoever.
And we'll be happy to pay them off, to in effect bribe them to "allow" us to play online. Why do we let them get away with this BS? Why do we keep electing these idiots? I wish Americans would wake up and vote out every single one of these pompous elitists and let them find out what it's like to live under their tyranny. Let them all go out and get real jobs and see what it's like to work for a living only to have a large portion of your earnings confiscated by idiots in government to fritter away on some ridiculous rat- hole socialist program.
It's time to clean house in this country. We can start by getting rid of all 535 of them in Washington DC. They are the cause of the mess were in. They created it. They have presided over it. They enact laws and prescribe measures for us and exclude themselves from the very burdens they place on us. This is our country. They are supposed to be doing what we say. How long will we put up with this?
Of course, they had mininova cold-busted lickety-split, but these often crooked ***computer-controlled*** for those of you who opposed computerized drawings, they can linger on for another six months, and meantime you still can't legally buy out-of-state lottery tickets; it's even illegal to mail one to your aunt in another State! in fact it's technically illegal to buy one in another State and carry it back home with you! although there have been jackpot winners who did this.
Remember, all internet-based casinos are *computerized* and therefore you have *no idea* how their software picks winners/losers and of course they can track your win/loss so that to make sure you don't come out too far ahead!